POWR USDT Power Ledger Technical Analysis

Power Ledger logo In this Power Ledger technical analysis, we will examine the current price action, trading volume, key levels and indicators for POWR-USDT. Sure, here are three sentences about Power Ledger (POWR) cryptocurrency: Power Ledger (POWR) is a decentralized energy trading platform that leverages blockchain technology to enable peer-to-peer energy trading. By using smart contracts and a secure ledger, Power Ledger empowers households and businesses to buy and sell excess energy directly with each other, creating a more efficient and sustainable energy market. With its focus on transparency, security, and community engagement, Power Ledger is poised to revolutionize the way we think about energy trading.

Power Ledger Price Overview:

As of October 03, 2023, Power Ledger is trading at approximately 0.1538 USDT. Let’s dive into the detailed price action for POWR-USDT:

Metric Value
Open (O) 0.1538
High (H) 0.1685
Low (L) 0.1506
Close (C) 0.1538
Volume (C) 12,701,566.00
  • Open (O): The opening price for today’s trading session was approximately 0.1538 USDT.
  • High (H): Power Ledger reached a daily high of around 0.1685 USDT.
  • Low (L): The daily low for POWR-USDT was approximately 0.1506 USDT.
  • Close (C): At the time of analysis, Power Ledger is trading near its daily close of 0.1538 USDT.
Metric Value
1D Change (%) -0.06%
3D Change (%) -1.85%
7D Change (%) 4.13%
30D Change (%) 11.94%
90D Change (%) 2.53%
YTD Change (%) 25.45%

Over the past three days, POWRUSDT has fallen by approximately -1.85%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 4.13%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with POWRUSDT maintaining an upward trend of approximately 11.94%, despite intermittent fluctuations. Examining the last 90 days, POWRUSDT has witnessed substantial increase of approximately 2.53%, reflecting strong long-term confidence. Year-to-date, POWRUSDT has steadily appreciated by around 25.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Power Ledger Live Chart:

You can access a live price chart for POWR-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.5197.
  • Momentum score is 0.11936.

POWR USDT Technical Analysis

Power Ledger Trading Volume:

The trading volume for Power Ledger (POWR) over the past 24 hours has been significant, with approximately 12,701,566.00 USDT traded against POWR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): POWR is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Power Ledger is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for POWR-USDT is currently in the neutral zone, around 52.71318. This suggests that Power Ledger is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Power Ledger (POWR-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.